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HAMMOND v. SOUTHERN COTTON OIL CO.

38013, 38014.

101 Ga. App. 368 (1960)

114 S.E.2d 54

HAMMOND v. SOUTHERN COTTON OIL COMPANY. SOUTHERN COTTON OIL COMPANY v. HAMMOND.

Court of Appeals of Georgia.

Rehearing Denied March 29, 1960.

Attorney(s) appearing for the Case

Ronald F. Chance, James Maddox, for plaintiff in error.

J. Beverly Langford, Matthews, Maddox, Walton & Smith, Oscar M. Smith, contra.

FELTON, Chief Judge.

"The contract of suretyship is one whereby a person obligates himself to pay the debt of another in consideration of credit or indulgence, or other benefit given to his principal, the principal remaining bound therefor. It differs from a guaranty in this, that the consideration of the latter is a benefit flowing to the guarantor." Code § 103-101. The endorsements of Hammond quoted above prima...

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